Billion Dollar Baby Bump

From Friday's trading action, looks like we could be finally in the beginnings of the long awaited pullback.

So where might this pullback land?

To answer this question, I've reviewed 3 recent NEA pullbacks below:

High $2.84 on 26th Feb 2019
Low $2.45 on 1st Mar 2019
Pullback duration 3 trading days
Pulls back 13.73%

High $1.75 on 4th Dec 2018
Low $1.45 on 11th Dec 2018
Pullback duration 5 trading days
Pulls back 17.14%

High $1.935 on 10th Sep 2018
Low $1.22 on 30th Oct 2018
Pullback duration 50 days
Pulls back 36.95%

From the above data, the earliest pullback between Sept & Oct 2018 was the longest and most severe, but since NEA's Preliminary Results Annocument in January 2019, I believe the likelihood of entering into another 36.95% pullback is very low because both subsequent pullbacks in Dec18 & Feb19 were much shorter and less intense.

Anyway, base on the 3 previous pullbacks, below are 3 possible targets from our latest high of $3.07

(13.73% pullback)
Target $2.65 around Wed 20th Mar 2019

(17.14% pullback)
Target $2.54 around Fri 22nd Mar 2019

(36.95% pullback)
Target $1.94 around Mon 6th May 2019

Now, there might be lots of traders who loves to execute their trades to perfection but for all long term holders, wherever this pullback lands, this is just a minor Bump in our Billion Dollar Baby.